Gold Silver Reports (GSR) – At least two Indian companies—Given the limited opportunities in India, these firms have been attracted by Latin America’s biggest utility’s six subsidiaries that are up for sale and supply electricity to 13 million people. Price-water-house-Coopers Brazil is running the sell side transaction process. Adani Group and Torrent Power—have shown interest in acquiring six electricity distribution firms put on sale by Brazil’s Centrais Elétricas Brasileiras, or Eletrobras, two people aware of the development said.
Indranil Sengupta, Chief Economist- India, BofAML
Indranil Sengupta, Chief Economist- India, BofAML 📌 Strong case for RBI to cut rates to support growth 📌 Expect inflation to jump back to 5-5.5 percent in June …